Dialogos

The Burden of Cyprus's Funding from SAFE

Published February 15, 2026, 09:03
The Burden of Cyprus's Funding from SAFE

The article focuses on the funding Cyprus received from the EU's SAFE (Action for Security in Europe) funding instrument, amounting to €1.18 billion for defense programs. Cyprus ranks 12th among EU member states that have received loans from SAFE, with more prominent countries including Poland, Romania, France, and Italy. The article analyzes the loan process, repayment terms (long duration, grace period), and restrictions on funding concentration. It is noted that the amount of the loan is considered significant in relation to the size of the Cypriot economy. It also lists the member states that have not applied for funding and the possibility of a new round of applications in the future.